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A number of retailers are looking to build stores in oil-and-gas towns in Louisiana, North Dakota and Texas, thanks to the boom or expected boom in drilling activity, according to an article in The Wall Street Journal.
Hundreds of millions of dollars are being invested in southern Mississippi to develop oil and gas production that, if successful, could cause a boom for the Coast and the rest of the state not unlike the one North Dakota is experiencing with its Bakken formation.
Sen. Robert Adley, R-Benton, says he is prepared to shoot down any attempts to weaken his bill to undo a lawsuit against 97 oil companies for damaging the coast around New Orleans.
"I hear there will be amendments" when the bill is expected to be debated Tuesday, he said. "I don't have any."
Drilling approach altered in shale
Goodrich Petroleum Corp., of Houston, reported Monday that its Blades 33H-1 well in Tangipahoa Parish initially produced an average of 1,250 barrels of oil and 115,000 cubic feet of natural gas per day.
Goodrich said the well was drilled and completed under budget. The well is Goodrich’s latest in the Tuscaloosa Marine Shale, an oil-rich formation that stretches from Texas across the middle of Louisiana into Mississippi.
Goodrich Petroleum Corp. said Monday oil and gas were flowing from its operations in the Tuscaloosa shale reserve area in Louisiana.
Goodrich said it completed operations at its Blades 33H-1 well in Tangipahoa Parish in southern Louisiana.